Juan Vargas (D-CA)
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Consumer Financial Protection Circular 2024-03: Unlawful and Unenforceable Contract Terms and Conditions".
A Democratic resolution with no cosponsors
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This joint resolution seeks to express congressional disapproval of a rule submitted by the Bureau of Consumer Financial Protection. The rule in question involves the withdrawal of a previous rule regarding "Consumer Financial Protection Circular 2024-03: Unlawful and Unenforceable Contract Terms and Conditions." If passed, the resolution would ensure that the rule submitted by the Bureau has no force or effect.
Yes
- Scored +3
Would business owners be better off under this?
The resolution provides relief to businesses by nullifying a consumer protection rule regarding contract terms and conditions.
The opposite· 3 of 4
- Scored -3
Would households on low incomes be better off under this?
By removing the circular that addressed unlawful and unenforceable contract terms, low-income households lose a layer of consumer protection.
- Scored -3
Would middle-income households be better off under this?
The withdrawal of the rule regarding unfair contract terms reduces protections for middle-income consumers.
- Scored -3
Does this give people more protection from unfair business practices?
The resolution disapproves a rule aimed at preventing unlawful and unenforceable contract terms, which reduces consumer protections against unfair business practices.
Who it would affect, and how
Potential Positive Impacts for People
- There are no specific positive impacts for individuals or groups of people mentioned within the provided text.
Potential Negative Impacts for People
- There are no specific negative impacts for individuals or groups of people mentioned within the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — The resolution provides relief to businesses by nullifying a consumer protection rule regarding contract terms and conditions. Would households on low incomes be better off under this? — By removing the circular that addressed unlawful and unenforceable contract terms, low-income households lose a layer of consumer protection. Would middle-income households be better off under this? — The withdrawal of the rule regarding unfair contract terms reduces protections for middle-income consumers.
- Economy And Finance
- Does this give people more protection from unfair business practices? — The resolution disapproves a rule aimed at preventing unlawful and unenforceable contract terms, which reduces consumer protections against unfair business practices.
- Governance And Ideology
- Does this give the federal government more power? — The resolution limits the regulatory authority of the Bureau of Consumer Financial Protection by nullifying its rule regarding contract terms.
- 5/13/2026
- Referred to the House Committee on Financial Services.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.